SunSirs: Adipic acid market in East China was weak on July 27

On the 27th, the adipic acid market in East China was weak, and today’s market quotations fell slightly, and the trading center of gravity moved down by about 200 yuan/ton compared with last weekend. The price of pure benzene, a raw material, continued to fall, and the cost support was insufficient. Manufacturers’ inventory pressure is obvious, and the listing price has been lowered before, which affects market confidence. In addition, on the supply and demand side, the market supply pressure increased, and dealers generally underestimated their offers and shipped them at a profit, but the market transactions were average. Downstream procurement is rational, and the demand is not yet heavy. The mainstream price in today’s market is: 9,500-9,700 yuan/ton for goods from Shandong, and 9,600-9,800 yuan/ton for goods from Jiangsu.

Note: The above prices are tax-included